Almost two years after Chief Investment Officer David Swensen added climate change awareness to Yale’s investment strategy, the endowment is starting to divest from fossil fuels. In a Tuesday letter to the Yale community, Swensen reported that after months of talking with Yale’s external investment managers about the potential risks associated with investments in coal, oil, around $10 million of the endowment has been removed from two publicly-traded fossil fuel producers.
Almost two years after Chief Investment Officer David Swensen added climate change awareness to Yale’s investment strategy, the endowment is starting to divest from fossil fuels. In a Tuesday letter to the Yale community, Swensen reported that after months of talking with Yale’s external investment managers about the potential risks associated with investments in coal, oil, around $10 million of the endowment has been removed from two publicly-traded fossil fuel producers.